Difficult years in the Hungarian food industry: Éder Tamás on the downturn

The costs of agricultural raw materials rose significantly in 2021, which, however, was only belatedly followed by consumer prices. State interventions, such as the maintenance of price caps and mandatory promotions, further complicated the situation. In addition, the investigations of the Economic Competition Authority and the price-rolling systems had a significant impact on the sector, while the retail sector also put manufacturers under increasing pressure.

Consumer trends and economic pressures

Tamás Éder highlighted that although domestic sales showed growth in the first half of 2024, solvent demand is still weak. In the sector, the pressure of discounting and imported products became more and more pronounced. The lack of skilled and unskilled labor and the high level of state burdens also contribute to the fact that Hungarian food prices have only recently reached the EU average.
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